GMAT Question of the Day - Daily to your Mailbox; hard ones only

It is currently 22 Jan 2019, 02:36

Close

GMAT Club Daily Prep

Thank you for using the timer - this advanced tool can estimate your performance and suggest more practice questions. We have subscribed you to Daily Prep Questions via email.

Customized
for You

we will pick new questions that match your level based on your Timer History

Track
Your Progress

every week, we’ll send you an estimated GMAT score based on your performance

Practice
Pays

we will pick new questions that match your level based on your Timer History

Not interested in getting valuable practice questions and articles delivered to your email? No problem, unsubscribe here.

Close

Request Expert Reply

Confirm Cancel
Events & Promotions in January
PrevNext
SuMoTuWeThFrSa
303112345
6789101112
13141516171819
20212223242526
272829303112
Open Detailed Calendar
  • The winners of the GMAT game show

     January 22, 2019

     January 22, 2019

     10:00 PM PST

     11:00 PM PST

    In case you didn’t notice, we recently held the 1st ever GMAT game show and it was awesome! See who won a full GMAT course, and register to the next one.
  • Key Strategies to Master GMAT SC

     January 26, 2019

     January 26, 2019

     07:00 AM PST

     09:00 AM PST

    Attend this webinar to learn how to leverage Meaning and Logic to solve the most challenging Sentence Correction Questions.

Helena invested $8000 in the Tallahassee City Bank at z%

  new topic post reply Question banks Downloads My Bookmarks Reviews Important topics  
Author Message
TAGS:

Hide Tags

 
Senior Manager
Senior Manager
User avatar
V
Joined: 02 Jan 2017
Posts: 307
Location: Canada
Reviews Badge CAT Tests
Helena invested $8000 in the Tallahassee City Bank at z%  [#permalink]

Show Tags

New post 27 Feb 2017, 06:12
00:00
A
B
C
D
E

Difficulty:

  15% (low)

Question Stats:

88% (01:35) correct 13% (01:46) wrong based on 56 sessions

HideShow timer Statistics

Helena invested $8000 in the Tallahassee City Bank at z% simple annual interest for one year with a yield of $450. How much should she invest at s% simple annual interest for one year to yield the same amount?

(1) s/100 = 3/4

(2) s = .4z
VP
VP
User avatar
P
Joined: 05 Mar 2015
Posts: 1003
Re: Helena invested $8000 in the Tallahassee City Bank at z%  [#permalink]

Show Tags

New post 27 Feb 2017, 09:34
vikasp99 wrote:
Helena invested $8000 in the Tallahassee City Bank at z% simple annual interest for one year with a yield of $450. How much should she invest at s% simple annual interest for one year to yield the same amount?

(1) s/100 = 3/4

(2) s = .4z



Given 450= 8000z/100-------(a)

find P when 450= Ps/100

(1) s=300/4 thus P can be calculated.......suff
(2) from (a) z can be calculated and thus s can be calculated substituting value z in s = .4z
suff

Ans D
Senior Manager
Senior Manager
User avatar
S
Joined: 24 Oct 2016
Posts: 262
Location: India
Concentration: Finance, International Business
Schools: IIMB
GMAT 1: 550 Q42 V28
GPA: 3.96
WE: Human Resources (Retail Banking)
Re: Helena invested $8000 in the Tallahassee City Bank at z%  [#permalink]

Show Tags

New post 08 Mar 2017, 21:22
the answer should be D
we can calculate for Z such as z=450*100/8000=45/8
now statement 1. we can calculate for S too which will be 75, now we need to find the value which has the similar interest =450 , so the 75/100*x=450, equal too 600 so sufficient
statement 2. we can solve for this too so sufficient

hence D
GMAT Club Bot
Re: Helena invested $8000 in the Tallahassee City Bank at z% &nbs [#permalink] 08 Mar 2017, 21:22
Display posts from previous: Sort by

Helena invested $8000 in the Tallahassee City Bank at z%

  new topic post reply Question banks Downloads My Bookmarks Reviews Important topics  


Copyright

GMAT Club MBA Forum Home| About| Terms and Conditions and Privacy Policy| GMAT Club Rules| Contact| Sitemap

Powered by phpBB © phpBB Group | Emoji artwork provided by EmojiOne

Kindly note that the GMAT® test is a registered trademark of the Graduate Management Admission Council®, and this site has neither been reviewed nor endorsed by GMAC®.